Expert, money saving updates, forecasts & tips on the CAD exchange

FX Monthly Update | February 2025

Economic Outlook and Summary As the month progressed, Trump’s tariff threat level ratcheted higher and then came to a head on January 20, just after he was sworn in as...

Canadian Dollar Update – Canadian dollar gets a reprieve

  Canada-US trade war averted-for now China hits back at Trump tariffs US dollar gives back most of yesterday’s gains USDCAD: open 1.4408 overnight range 1.4387-1.4503 close 1.4427, WTI $71.88,...

Canadian Dollar Update – Canadian dollar walloped

  Tariffs are coming to Canada and Mexico US PCE Price index data on tap USD grinding higher. USDCAD: open1.4489 overnight range 1.4431-1.4511, close 1.4492, WTI $72.506 Gold, $2793.35 The...

Canadian Dollar Update – Canadian dollar teetering ahead of BoC

  BoC expected to cut rates by 25 bps-FOMC to leave them unchanged. Lunar New Year begins in Asia-many centers are closed. USD trades drifting ahead of FOMC meeting. USDCAD:...

Canadian Dollar Update – Canadian dollar tumbles on fresh tariff talk

Trump reiterates universal tariffs. Equities attempting to recoup yesterday’s losses. USD rallies against all the majors-JPY is the weakest. USDCAD: open 1.4413, overnight range 1.4367-1.4416, close 1.4376, WTI $73.64, Gold,...

Canadian Dollar Update – Canadian dollar trading sideways

Canadian dollar awaiting BoC and tariffs. Risk aversion rises on tariffs and AI USD trading with mixed bias USDCAD: open 1.4359, overnight range 1.4340-1.4402, close 1.4345, WTI $74.69, Gold, $2767.39...

Canadian Dollar Update – Canadian dollar stuck in the middle

  Loonie consolidates gains following Trump’s Davos speech. Trump tells Opec to lower prices. USD falls sharply on improved risk sentiment. USDCAD: open 1.4328, overnight range 1.4315-1.4384, close 1.4385, WTI...

Canadian Dollar Update – Canadian dollar getting a reprieve

  Lack of tariffs improves risk sentiment. Global equities grind higher. USD slides on profit-taking. USDCAD: open 1.4320, overnight range 1.4301-1.4354, close 1.4325, WTI $76.36, Gold, $2760.21 The Canadian dollar...

Canadian Dollar Update – Canadian dollar soars then sinks

  Trump comments roil FX markets Canada inflation expected to fall USD opens with small losses after wild 24 hours. USDCAD: open 1.4436, overnight range 1.4290-1.4510, close 1.4309, WTI $75.50,...

Canadian Dollar Update – Canadian dollar awaiting tariff news

  US markets closed for MLK day Global markets on hold for Trump inauguration. USD  is steady but firm after quiet overnight session. USDCAD: open 1.4470, overnight range 1.4443-1.4486, close...